Laxmi Motor Corporation offers benefits, facilities on purchase of Hyundai VENUE

KATHMANDU: Laxmi Motor Corporation (LMC), a subsidiary of the Laxmi Group and the authorised distributor of Hyundai vehicles in Nepal, has announced the pricing for the locally manufactured Hyundai VENUE. The company has also started the sales and distribution of the Hyundai VENUE.  

Under the consumer-oriented scheme 'Hyundai Nepal: Made For Your Journey,' customers purchasing the Hyundai VENUE will benefit from easy financing at 6.99%, 10-year free servicing plan, and three-year warranty.  

LMC, established in Nepal through investment from the Laxmi Group and technical collaboration with Hyundai Motor Company, inaugurated the Hyundai Assembly Plant in the Parasi district on May 10 and began production of the VENUE model. The company asserts that the structure, quality, performance, and all other components of the locally manufactured model are on par with those produced by Hyundai Motor Company in Korea or India.  

By manufacturing vehicles domestically, LMC aims to contribute to industrialisation, reduce dependence on imports, create employment opportunities, boost inland revenue, foster skill development and technology transfer, promote ancillary industries, utilise internal resources and electricity, and enhance the country's GDP. Additionally, LMC aims to provide vehicles to consumers at preferential prices.  

The price of the Hyundai Venue 1.2 (S) is set at Rs 4,496,000, while the Venue 1.2 (SX) is priced at Rs 5,356,000.